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Bills of Exchange Act, 1964 (Act No. 34 of 1964)

Chapter I

Liabilities of parties

54. Liability of stranger signing bill


If a person signs a bill otherwise than as drawer, acceptor, signer of an aval or drawee certifying a cheque, he thereby incurs the liabilities of an indorser to a holder in due course.


[Section 54 substituted by section 16 of Act 56 of 2000.]